Hyundai Nishat Motors Private Ltd (HNMPL) will start local assembly of Porter H100 pickup with 20 per cent indigenisation from January next year, the company announced on Tuesday.
The company also opened its 3S dealer and digital showroom in the city and introduced Hyundai Ioniq Hybrid car. Talking to newsmen after inaugurating the showroom, HNMPL Chief Operating Officer (COO) Tatsuya Sato said the total investment at the Faisalabad manufacturing facility is $150 million with an annual production capacity of up to 15,000 units. The plant will employ 250 people directly, he added.
HNMPL – a joint venture company between Nishat Group, Sojitz Corporation (Japan) and Millat Tractors Limited – is partnering with Hyundai Motor Company (Korea) to become a leading manufacturer, marketer and distributor of automobiles in the country.